PRLog (Press Release)
- Feb. 26, 2011 -
Asbury Automotive Group, Inc. (NYSE:ABG) one of the largest automotive retail and service companies in the U.S., reported adjusted income from continuing operations for the fourth quarter 2010 of $12.4 million, or $0.37 per diluted share, versus adjusted income from continuing operations of $6.9 million, or $0.21 per diluted share, in the corresponding period last year. This 76% increase is the result of growth in vehicle sales combined with benefits achieved from Asbury's continued expense discipline. Non-core items resulting from the Company's bond refinancing and related activities, as disclosed in the attached tables, reduced fourth quarter income from continuing operations by $0.23 per diluted share. Non-core items reduced fourth quarter 2009 income from continuing operations by $0.03 per diluted share. Net income for the fourth quarter 2010 totaled $5.4 million, or $0.16 per diluted share, compared with $0.2 million, or $0.01 per diluted share, in the prior year period.
Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company offers various automotive products and services, including new and used vehicles and related financing.
GreenHouse Holdings, Inc. (OTC Bulletin Board:GRHU.OB)
is a leading provider of energy efficiency solutions and sustainable infrastructure products. The Company designs, engineers and installs disparate products and technologies that produce persistent technical and financial results, by enabling our clients to monitor and control their energy costs in the most efficient manner possible. Its target markets for energy efficiency solutions include residential, commercial and industrial, as well as government and military markets. In addition, the Company develops, designs and constructs rapidly deployable, sustainable infrastructure primarily for use in disaster relief and security in austere regions.
GRHU has executed a letter of intent with Hinds Community College to construct and manage a $2.9 million Anti-Terrorism Tactical Training Center in Jackson, Mississippi that would provide local law enforcement personnel with a state-of-the-
art training and sustainable firing range facility and which would serve as a best practices model for such facilities in small cities and towns across the United States. The project is subject to the execution of a definitive agreement.
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